While I clicked on it because it was about disruption in insurance, I was pleasantly surprised to find out that the disruption is using blockchain technology! Ethereum to be exact.

Basically, they offer unemployment insurance in an interesting novel way.

I might be wrong, but this is how I understand it works:

1st layer of fees is membership fees that is paid monthly as long as your insurance is accepted.

2nd layer of fees is actually your premiums. This is where the interesting part comes in. People are grouped into insurance pools and based on the number of claims by people within your pool, it will determine how much premiums would be charged. If there are no claims by anyone …